Estée Lauder Companies (NYSE:EL) Price Target Raised to $91.00

Estée Lauder Companies (NYSE:EL) had its price objective lifted by Piper Sandler from $89.00 to $91.00 in a report published on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Monday, December 23rd. TD Cowen lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $105.00 to $72.00 in a research note on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average target price of $96.50.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock opened at $73.75 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a fifty day moving average of $72.46 and a 200-day moving average of $87.21. The stock has a market capitalization of $26.47 billion, a price-to-earnings ratio of 131.70, a price-to-earnings-growth ratio of 5.33 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Estée Lauder Companies will post 1.46 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the purchase, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Large investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after acquiring an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Geode Capital Management LLC grew its position in Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after purchasing an additional 70,307 shares during the period. Van ECK Associates Corp raised its stake in Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its holdings in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after buying an additional 1,066,320 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.